Estimated payment $5,901/month
This mixed-use property features a fully rented commercial space on the 1st floor, generating $2,570/month with a 10-year lease and a 3% annual increase, ensuring long-term income stability. The spacious 4-bedroom, 1-bath apartment on the 2nd floor is currently vacant and listed for $2,700/month, offering immediate rental potential at market value. The 3rd-floor 3-bedroom, 1-bath unit is rented at $2,000/month, well below market value, providing a great opportunity for future rent increases.Recent updates include a new roof (1 year old) and upgraded electrical wiring. Located in a high-traffic area with excellent visibility, this property offers strong rental demand and significant upside potential.Perfect for owner-occupants, this multi-family property with commercial space offers a unique opportunity to live and collect rent. FHA financing available with just 3.5% down. Ideal for those looking to invest in their future while generating consistent rental income.Don't miss out on this rare opportunity schedule your showing today!
Listing Agent
RE/MAX IN ACTION Brokerage Phone: 908-558-2727 Listed on: 03/26/2025
Home Type
Est. Annual Taxes
Year Built
Parking
Home Design
Bedrooms and Bathrooms
Schools
Utilities
Additional Features
Community Details
Listing and Financial Details
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,566 | $341,400 | $59,400 | $282,000 |
| 2022 | $9,587 | $256,600 | $59,400 | $197,200 |
| 2021 | $9,581 | $256,600 | $59,400 | $197,200 |
| 2020 | $11,073 | $291,400 | $59,400 | $232,000 |
| 2019 | $10,960 | $291,400 | $59,400 | $232,000 |
| 2018 | $10,761 | $291,400 | $59,400 | $232,000 |
| 2017 | $12,332 | $346,400 | $59,400 | $287,000 |
| 2016 | $11,916 | $346,400 | $59,400 | $287,000 |
| 2015 | $11,462 | $346,400 | $59,400 | $287,000 |
| 2014 | $10,742 | $346,400 | $59,400 | $287,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | Price Changed | $870,000 | 0.0% | -- |
| 04/04/2025 04/04/25 | Price Changed | $2,600 | -3.7% | -- |
| 03/28/2025 03/28/25 | For Rent | $2,700 | 0.0% | -- |
| 03/26/2025 03/26/25 | For Sale | $880,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $550,000 | American Land Title | |
| Deed | $121,000 | -- | |
| Deed | $180,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $175,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $550,000 | VA | |
| Previous Owner | $288,750 | Commercial | |
| Previous Owner | $150,500 | FHA | |
| Previous Owner | $179,000 | Commercial |
$818,000
Beautiful 3 Unit Property in the best area of North Newark, close to Newark Basilica, famous Branch Brook Park , Schools, Major Transportation, Major highways and more. Prime Location, Strong investment. Rare opportunity to own a great 3 unit property, with lots of potential on the desireable Clifton Ave in the heart of Newark. Why pay rent when you can pay less with this enormous property or
Roy Castro REALTY ONE GROUP LIVING
$949,900
Spacious and well-maintained four-family home offering 4,218 sq ft of living space on a generous 6,878 sq ft lot. Delivered fully vacant at closing perfect for investors or multi-generational living. Each unit features a formal living room, dining room, and full bath. Units 1 and 3 include 1 bedroom each; Units 2 and 4 offer 2 bedrooms each. Utilities are separated for electric and cooking gas.
Lionel Cruz NEXTHOME PRIME
$899,000
Brand new construction in 2025! Welcome to 22 Speedway Avenue, a stunning newly built 2-family home in Newark, offering modern design, comfort, and strong investment potential. This under/over-style property features two spacious units: Unit 1 includes 3 bedrooms, 2.5 baths, a large living/dining area, and a beautiful eat-in kitchen; Unit 2 offers 3 bedrooms, 2 full baths, and a bright, open
TOVIA LICHTMAN KELLER WILLIAMS MID-TOWN DIRECT
$729,900
Welcome to 63-65 Milford Avenue!!! This Fantastic, well-maintained two-family home is conveniently located in the desirable South Broad Neighborhood. Offering easy access to EWR - Newark Liberty International Airport, Downtown Newark, all major public transportation, and a short commute to NYC. Features an Open floor Plan Concept, Kitchen, Living / Dining Room, three bedrooms, and two full
Augusto Verissimo WEICHERT REALTORS - HOME CITY
$750,000
EXCELLENT OPPORTUNITY SIDE BY SIDE DUPLEX 2 FAMILY HOME , OFFERS 1,339 SQUARE FEET OF LIVING SPACE IN EACH APARTMENT .. EASY NYC COMMUTE .. LOCATED IN NORTH NEWARK , COME AND SEE THIS MARVELOUS RECENTLY RENOVATED .CURRENT RENT ROLL $ 6,670 GREAT INVESTMENT PROPERTY
Maileny Vidal HOMESMART FIRST ADVANTAGE
$875,000
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Mohammed Ziedan BLUE FLAGS REALTY LLC
$799,999
MOVE IN READY. CONVENIENTLY LOCATED WALKING DISTANCE FROM UNIVERSITIES, HOSPITAL, MUSEAM, DOWNTOWN AND COURT DISTRICTS IN ADDITION TO MAJOR CITY TRANSPORTATION WITHIN MINUTES TO NEWARK AND BROAD STREET STATION. Buyer's responsible for all City Inspections
MARITZA GUTIERREZ SUPREME REALTY, INC.
$685,000
Welcome to 57 N 7th St, a remarkable multi-family property located in one of Newark's most desirable neighborhoods. This fully brick residence is reminiscent of a classic NYC townhome style, with the added benefit of a duplex layout, providing versatility and privacy for occupant boasting a total of 5 bedrooms and 3 bathrooms, this masterpiece offers ample space and comfort for any owner occupant
JEREMY P. CIOTOLA COMPASS NEW JERSEY LLC
$685,000
Welcome to 57 N 7th St, a remarkable multi-family property located in one of Newark's most desirable neighborhoods. This fully brick residence is reminiscent of a classic NYC townhome style, with the added benefit of a duplex layout, providing versatility and privacy for occupant boasting a total of 5 bedrooms and 3 bathrooms, this masterpiece offers ample space and comfort for any owner occupant
Jeremy Ciotola Compass New Jersey, LLC-Montclair
Source: Garden State MLS
MLS Number: 3953067
APN: 14-00449-0000-00062
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